Skip to main content

South Korea: An Overview

  • Chapter
  • First Online:

Abstract

Described as the “Miracle of the Han River,” South Korea has grown into a high-income advanced economy, and plays an important role in the global economy. However, it also faces many challenges, especially with North Korea on its northern border, in issues involving security and regional politics. Think tanks, mostly government affiliated, serve to provide policy recommendations in the face of such security concerns. This chapter sheds light on two distinct think tank models that have both contributed to shaping the South Korean policy agenda. In the first case study, Sook-Jong Lee demonstrates how independent non-profit think tanks such as the East Asia Institute, despite having limited financial resources, have produced quality policy recommendations to the South Korean government, proposing “complex diplomacy,” “co-evolutionary strategy,” and “middle power diplomacy” in the face of Chinese and US influence. In contrast, the second case study examines how the Institute of Foreign Affairs and National Security (IFANS), a government-affiliated and top-ranking foreign policy and security think tank, shaped the development of a new policy agenda and influenced the 2012 Seoul Nuclear Security Summit, offering various policy initiatives in nuclear disarmament in the Korean peninsula.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   64.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Notes

  1. 1.

    Central Intelligence Agency, “Korea, South,” The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/geos/ks.html.

  2. 2.

    The Bank of Korea. http://www.bok.or.kr/broadcast.action?menuNaviId=792.

  3. 3.

    Lee Minji and Kim You Jin, “BOK Cuts Base Rate to Record Low 1.75 pct in Surprise Move,” Yonhap News, March 12, 2015, http://english.yonhapnews.co.kr/business/2015/03/12/82/0503000000AEN20150312001454320F.html.

  4. 4.

    Kwanwoo Jun, “South Koreans Are on a Debt Binge,” The Wall Street Journal, February 25, 2015, http://www.wsj.com/articles/south-koreas-are-on-a-debt-binge-1424920718.

  5. 5.

    The World Bank, “Korea Overview,” The World Bank, http://www.worldbank.org/en/country/korea/overview#1.

  6. 6.

    Lee Junkyu, “The Future of Korean Trade Policy,” Korea Economic Institution of America, http://www.keia.org/sites/default/files/publications/kei_koreaseconomy_section02.pdf.

  7. 7.

    Ministry of Foreign Affairs Republic of Korea, “FTA Status of ROK,” Ministry of Foreign Affairs, http://www.mofa.go.kr/ENG/policy/fta/status/overview/index.jsp?menu=m_20_80_10.

  8. 8.

    Indexmundi, “South Korea Disputes – International,” Indexmundi, http://www.indexmundi.com/south_korea/disputes_international.html.

  9. 9.

    Central Intelligence Agency, “Disputes – International,” The World Factbook, https://www.cia.gov/Library/publications/the-world-factbook/fields/2070.html.

  10. 10.

    Ibid.

  11. 11.

    Scott A. Snyder, “South Korean Middle Power Diplomacy and the U.S. Rebalance,” Council on Foreign Relations, March 24, 2015, http://blogs.cfr.org/asia/2015/03/24/south-korean-middle-power-diplomacy-and-the-u-s-rebalance.

  12. 12.

    David Eunpyoung Jee, “Solving the THAAD Puzzle in Korea,” The Diplomat, April 7, 2015, http://thediplomat.com/2015/04/solving-the-thaad-puzzle-in-korea.

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2019 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

McGann, J.G. (2019). South Korea: An Overview. In: McGann, J.G. (eds) Think Tanks, Foreign Policy and the Emerging Powers. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-60312-4_15

Download citation

Publish with us

Policies and ethics